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| I am a believer in consiracy theory, so I am looking for some logical input from some of you. It is very hard to not be bullish going forward, but... how much control does the government have over these grain markets? Do they want a huge revenue guarantee? I think back to 3 years ago when they paid out millions of dollars in LDP. They still have to be hurting from that.
Everyone is saying that it will be something unexpected that kills this market. Could the month of February do it? The government is not going to want a $5-$6 price tag attached to corn during the month when insurance revenue levels are set (especially in a year predicted to be dry). This is just something that popped into my head tonight. What do you guys think?
They could kill it in a variety of ways... postpone the next rate cut, remove CRP acreage, play with prelimninary acreage numbers, put the kybosh on the stimulus package... | |
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Febrauray - D-day for crop insurance pricing
